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Nick Leavy

nick@iheartexit.com +1(701) 205-1350

$1,499,000

Est. payment - /mo

5.02 Acres Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 7078341

Year Built 2006

Annual Tax Amount $14,517

Tax Year 2026

Contingent None

Lot Size 5.020 Acres

Lot Dimensions 540x448x470x335x69x113

Property Description

Exceptional Turnkey Event Venue & Catering Business Opportunity! Northern Lights Ballroom & Banquet Center is an established, purpose-built wedding venue and banquet center situated on approximately 5 acres in Milaca Minnesota. Constructed in 2006, the approximately 13,000-square-foot facility accommodates up to 400 guests and features a spacious ballroom with a soundproof divider, allowing flexible room configurations for both intimate gatherings and large-scale events. Additional amenities include a private dining room that also serves as a meeting room or deluxe bridal suite accommodating approximately 40–80 guests, an inviting front lobby with a portable bar and seating area, coat room, central sound system, private staff accommodations, and a dedicated laundry room. The property is fully equipped for efficient operations with a full commercial kitchen, walk-in cooler, walk-in freezer, active liquor license, compliant septic system, state-of-the-art fire sprinkler system with a dedicated water reservoir, and a parking area accommodating approximately 200 vehicles. The women's restroom features a private suite, providing added convenience for wedding parties and special events. Conveniently located just off U.S. Highway 169, the venue has earned an outstanding reputation for hosting weddings, corporate events, fundraisers, banquets, celebrations, and community gatherings, supported by a successful in-house catering operation and multiple revenue streams. This rare offering includes the real estate, established business, furniture, fixtures, equipment (FF&E), and goodwill, providing a true turnkey opportunity for hospitality operators, investors, or entrepreneurs seeking one of Central Minnesota's premier event destinations. Financial information is available to qualified buyers upon execution of a confidentiality agreement. Existing event bookings may be transferable to the Buyer, providing the opportunity for immediate future revenue. An interactive 3D Matterport® tour is available with the listing, providing prospective buyers with a comprehensive virtual walkthrough of the property's layout, event spaces, and operational areas.

Location

State MN

County Mille Lacs

Zoning Business/Commercial

Rooms

Basement None

Kitchen Cookware/Utensils, Prep Station, Refrigerator, Shelving and Racks, Walk-In Cooler/Freezer, Warming Table, Other, Dishwasher, Freezer, Ice Machine, Oven, Pre-Piped Fire Suppression System

Interior

Heating Forced Air, Zoned

Cooling Central Air

Flooring Carpet, Concrete Slab, Floor Drains, Heavy Duty, Tile, Vinyl

Inclusions Building, Business Assets, Business, Fixture/Equipment, Land

Fireplace No

Appliance Air-To-Air Exchanger, Cooktop, Double Oven, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned

Exterior

Parking Features Gravel

Utilities Available Electric Common, Heating Common, Hot Water Common

Roof Type Asphalt,Pitched

Present Use Event Space,Food Service

Building

Story One

Foundation 13000

Sewer Private Sewer, Septic System Compliant - Yes

Water Drilled, Well

Level or Stories One

New Construction false

Schools

School District Milaca

Others

Virtual Tour https://my.matterport.com/show/?m=n8bXuZjQNxv&mls=1

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Listed by Carrie Gibbs • Century 21 Moline Realty Inc

Nearby School & Business

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Nick Leavy

+1(701) 205-1350

President | License ID: 40668858

President License ID: 40668858

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10376 112th AVE Milaca, MN 56353

Nick Leavy

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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